Ann: Results of AGM, page-66

Hi Big M, I have a small parcel in SBM (via GMN which took over DCN). Good to see a jump in SBM/GMN SP.
I will look to put some more investment into SBM via GMN. However DRE also looks attractive.
Lots of bargains out there for sure.

As for SVG - its all dependent on weather over wet season, and their AISC (plant efficiency) IMO
I sold a bit of SVG @5.5c, diversified a bit and bought in again at about 5c.

The SVG volumes are so low here (on offer). Any good or bad news will have a large impact as a few $1000s of trade can shift the SVG SP 20%+.
Which is a distortion of the real market value.
All of the institutional holders are holding __ just a few small retailers picking at the edges (like me).
Sophisticated, institutional investors don't need to trade on ASX, as they can organise a NREO at market discounted rates if they want more equity.
Overall I should reach my 15c averaged down target over the wet season with some gentle paced buying as price is likely to soften or stay the same (at low volumes).

Overall ASX is down a lot. So there are plenty of other stocks to look for.
Some will bounce like SBM:
SBM was undervalued and under new management in Finlayson ---- so a recovery was on the cards.

Whilst other are hitting the wall and going into administration
AJQ, PET,

It will be a fair wait for SVG _ Wet weather will start to kick in now, with peak in mid Feb and then improve in March.
So I think RobKs commentary fits the science.



Cyclone Jasper is downgrading. http://www.bom.gov.au/cgi-bin/wrap_fwo.pl?IDQ20023.html